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Nairaland Forum / Nairaland / General / Politics / FG To Cut 2016 Budget, Increase Debt Ratio (13953 Views)
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FG To Cut 2016 Budget, Increase Debt Ratio by iflywithbuhari(f): 5:43am On Jun 10, 2016 |
ABUJA—Federal government has opted to reduce total budgetary spending on 2016 capital expenditure plan ahead of indication that the budget would not be implemented fully. Minister of Finance, Mrs Kemi Adeosun, who gave this indication in London while addressing international investors, said the decision was favoured against an option of increased borrowing to plug the increasing revenue gap. http://www.vanguardngr.com/2016/06/fg-cut-2016-budget-increase-debt-ratio/ 1 Like
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Re: FG To Cut 2016 Budget, Increase Debt Ratio by iflywithbuhari(f): 5:45am On Jun 10, 2016 |
Useless, cluless government 55 Likes 3 Shares |
Re: FG To Cut 2016 Budget, Increase Debt Ratio by MyParadise(m): 5:45am On Jun 10, 2016 |
This is real bad news 1 Like |
Re: FG To Cut 2016 Budget, Increase Debt Ratio by GudluckIBB(m): 5:48am On Jun 10, 2016 |
This is june, implemeentation of the budget has not sTarted I voted for Buhari but I guess he wasn't prepared for gorvenance. 86 Likes 5 Shares |
Re: FG To Cut 2016 Budget, Increase Debt Ratio by Bitterleafsoup: 5:48am On Jun 10, 2016 |
Duahhhh! 6 Likes 1 Share |
Re: FG To Cut 2016 Budget, Increase Debt Ratio by Baawaa(m): 5:49am On Jun 10, 2016 |
Nigeria shall be great again,God bless Nigeria. 8 Likes 1 Share |
Re: FG To Cut 2016 Budget, Increase Debt Ratio by 989900: 5:49am On Jun 10, 2016 |
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Re: FG To Cut 2016 Budget, Increase Debt Ratio by 2undeee(m): 5:52am On Jun 10, 2016 |
iflywithbuhari: the one wey broda run ba wey get clue olodo dulonathan 2 Likes 1 Share |
Re: FG To Cut 2016 Budget, Increase Debt Ratio by Bitterleafsoup: 5:54am On Jun 10, 2016 |
GudluckIBB:At least your honest enough to admit when you see things are sinking. 50 Likes 3 Shares |
Re: FG To Cut 2016 Budget, Increase Debt Ratio by coolzeal(m): 5:56am On Jun 10, 2016 |
Baawaa:Everyday Obi is a boy..when will Obi become a man.... Until this country is retructured into regions otherwise, we will keep having the same problems decades later. 40 Likes 3 Shares |
Re: FG To Cut 2016 Budget, Increase Debt Ratio by Benikuuse(m): 6:12am On Jun 10, 2016 |
Those who are insulting the government for this are very stupid. What will the federal government do when the illiterate unconscious delta boys are bombing pipelines and putting the country's economy to a stop 9 Likes 1 Share |
Re: FG To Cut 2016 Budget, Increase Debt Ratio by ReabridCharles(m): 6:14am On Jun 10, 2016 |
There is something I don't understand about this budget. The budget they say will not be fully implemented, then why borrow to fund it when you've recovered about $9bn. Why cut down on capital expenditure when you can cut down on Aso rock spending. Nigeria is in dire need of those capital projects to revamp our infrastructure that lays in dacay. Wait oh! Why am I wasting my time? Buhari has ear problem.... 106 Likes 10 Shares |
Re: FG To Cut 2016 Budget, Increase Debt Ratio by greatiyk4u(m): 6:16am On Jun 10, 2016 |
We are tired of speculations..............let the work start and this blame will follow later at least by then it will be understandable By the way, this vanguard always hear their story not from authorized Government source but those not authorized to speak on the matter........how privy to the info are they? I stopped taking them serious when they bandied false casualties figure of the Nimbo-fulani killings. 2 Likes |
Re: FG To Cut 2016 Budget, Increase Debt Ratio by kossyablaze(m): 6:21am On Jun 10, 2016 |
Mtchew Mosquito Economic Team 22 Likes 1 Share |
Re: FG To Cut 2016 Budget, Increase Debt Ratio by ShowYourCertificate: 6:26am On Jun 10, 2016 |
When we called this govt a dullard govt people thought we were joking. Well everyone now knows that Buhari and his team are pure dullards 26 Likes 1 Share |
Re: FG To Cut 2016 Budget, Increase Debt Ratio by sanandreas(m): 6:30am On Jun 10, 2016 |
Is this what governance is all about? You haven't even started implementing the budget. Insincerity will put Apc in dustbin 23 Likes 1 Share |
Re: FG To Cut 2016 Budget, Increase Debt Ratio by nonjebose(m): 6:40am On Jun 10, 2016 |
Effect of an oil dependent economy. Serious crises with the unstable falling price of crude and the dwindling production capacity due to the volatile nature of the Niger Delta 3 Likes |
Re: FG To Cut 2016 Budget, Increase Debt Ratio by Adminisher: 6:53am On Jun 10, 2016 |
GudluckIBB: This has absolutely nothing to do with Buhari. They are just being honest. It is very important to understand the problem we are in. Nigeria's was over exposed to the oil market and money was actually not coming in versus the quantity going out for the first six months. Why do you think the man did not appoint ministers on time, because of corruption?. No way. The money Niger spent importing petrol was double the money made from crude oil sales for most of late 2015. 8 Likes |
Re: FG To Cut 2016 Budget, Increase Debt Ratio by Expensivewarrio: 7:03am On Jun 10, 2016 |
Baawaa:There was no time Nigeria was GREAT, and can never be, under the leadership of stark illiterate dullaard buharii 19 Likes 1 Share |
Re: FG To Cut 2016 Budget, Increase Debt Ratio by kenny987(f): 7:09am On Jun 10, 2016 |
I've always known this budget to be a fraudulent one. They came making noise about the budget of change of #6 trillion and poor, daft sods didn't realise they basically hiked recurrent overhead expenditure aa well as capitol at the end of the day its practically the same ratio of recurrent to capital expenditure compared to previous budgets. What was the wisdom in coming to bamboozle Nigerians with hyper inflated figures when this dumb, flat-lining bozos in government were not certain of funding? Despite claiming to reduce the number of ministries, they're all still the same thing with no commensurate reduction in the cost of governance. Who is fooling who? 33 Likes 5 Shares |
Re: FG To Cut 2016 Budget, Increase Debt Ratio by Expensivewarrio: 7:09am On Jun 10, 2016 |
Benikuuse:You want free OYEL, come and get it. After insulting and calling them 5% u still want to use their oil to feed 97% AMAJIRIS? 32 Likes 1 Share |
Re: FG To Cut 2016 Budget, Increase Debt Ratio by onatisi(m): 7:15am On Jun 10, 2016 |
I predicted this last year but many thought I was joking 20 Likes
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Re: FG To Cut 2016 Budget, Increase Debt Ratio by Nobody: 7:18am On Jun 10, 2016 |
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Re: FG To Cut 2016 Budget, Increase Debt Ratio by iflywithbuhari(f): 7:20am On Jun 10, 2016 |
Benikuuse:So we shouldn't blame police for the high crime rate. 18 Likes 4 Shares |
Re: FG To Cut 2016 Budget, Increase Debt Ratio by Honza27(m): 7:23am On Jun 10, 2016 |
. 14 Likes |
Re: FG To Cut 2016 Budget, Increase Debt Ratio by KINGwax007(m): 7:40am On Jun 10, 2016 |
GudluckIBB:you guys are jes too dense! Buhari is not ready for govt abi u are part of his problems? Only an idiot wldnt see things as they were! Light got better... U blow gas pipes. Budget... U padded it Corruption bill... U stepped on it There is nothing better this govt tried to do dt PDP aren't sabotaging, and u're here taking nonsense as if the rest dey foolish. May it interest u dt many knws exactly wot is happening? Why did u think most people stopped complaining except the Igbos? Why did u think most people stopped batting the eye over pipeline bombings? Dey there dey cry.. Who cares? I hope u av received ur salary, hoped u have 20hrs of interrupted power, hoped ure enjoying the economy because anyone wey dey rejoice over the whole rhing and stikl dey complain, e no go better for am!!!! 4 Likes |
Re: FG To Cut 2016 Budget, Increase Debt Ratio by babs01(m): 8:12am On Jun 10, 2016 |
Heyah |
Re: FG To Cut 2016 Budget, Increase Debt Ratio by Apelex(m): 8:13am On Jun 10, 2016 |
[quote ![]() ![]() But your name ![]() ![]() |
Re: FG To Cut 2016 Budget, Increase Debt Ratio by Nobody: 8:13am On Jun 10, 2016 |
Adminisher: Bros that is not true. You can't sell crude oil at $30 per barrel and import at $60 of petrol per barrel. Crude is a raw material, petrol is a finished product. The problem of this government is lack of direction and mismanagement. 16 Likes 1 Share |
Re: FG To Cut 2016 Budget, Increase Debt Ratio by opribo(m): 8:14am On Jun 10, 2016 |
Can we honestly trust these dudes to move this country forward with all these amateur ministers and die hard cabinet members they have all over the place. 8 Likes |
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